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Look for Shares of Energy Transfer Partners to Potentially Pullback after Yesterday's 1.52% Rise
Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) --
Energy Transfer Partners (NYSE:ETP) traded in a range yesterday that spanned from a low of $41.30 to a high of $42.91. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $42.09 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend is tracking the current trend status for Energy Transfer Partners and will alert subscribers who have ETP in their portfolio or watchlist when shares have changed trend direction.
In the past 52 weeks, shares of Energy Transfer Partners have traded between a low of $40.19 and a high of $51.02 and are now at $42.08, which is 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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